Suburb Profile Report for Tennant Creek NT (0860)

Tennant Creek House: Median price $218,500, Annual capital growth 6.33%, Number of sales 20, Weekly median advertised rent $405

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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Property value increases in Tennant Creek have tracked higher than the NT average of -2.44% over the last 12 months.

Tennant Creek,0860 was ranked 502 in Australia by increase in median property value over the quarter.

Using the current median advertised rental of $405 and the average annual increase in value of a median property of 6.33%, investors should hope to achieve an overall return of 9.64%

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Tennant Creek, NT – Occupancies stay low

Postcode: 0860

Median house price: $190,000

Vacancy rate: 0.6%

Three-year growth: -24.0%

Tennant Creek showcases the heart of the Outback, with a wealth of history, nature and culture. The last gold rush in Australia happened in this area in the 1930s, and since then, it has been known as the Top End’s “heart of gold.”

The Battery Hill Mining Centre celebrates this heritage by offering an underground tour. The Warumungu people reside here, and the Nyinkka Nyunyu Art and Culture Centre pays tribute to the native culture next to the Winanjjikari Music Centre. Lake Mary Ann is a picturesque swimming spot that can be reached via a walking trail through the Honeymoon Ranges.

After prolonged period of decline, Tennant Creek is picking up, with vacancy rates remaining quite tight.

Metrics i HOUSE UNIT
$218,500 N/A
4.05% N/A
45.67% N/A
6.33% N/A
$405 N/A
20 N/A
9.64% N/A
N/A N/A

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Poor (H), Balanced (U)
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Demographics
Total population 3060
Median household income ($/weekly) 1405
Median age of persons 32
Median housing loan repayment ($/monthly) 1000
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 466 15.2
    25-34 years 443 14.5
    35-44 years 445 14.5
    45-54 years 416 13.6
    55-64 years 360 11.8
    Others 933 30.5
    Age Group
    Census Count Percent(%)
    Not Married 965 51.4
    Registered Married 608 32.4
    Defacto Relationship 306 16.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 2441 88.6
    Papua New Guinea 49 1.8
    Philippines 47 1.7
    United Kingdom 69 2.5
    Other 42 1.5
    Others 108 3.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 29 1.3
    Christianity 1302 57.2
    Islam 17 0.7
    Australian Aboriginal Traditional Religions 31 1.4
    No Religion 881 38.7
    Others 17 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 61 9.0
    $1,000-$1,249 65 9.6
    $1,500-$1,999 109 16.1
    $2,000-$2,499 80 11.8
    $2,500-$2,999 70 10.3
    Others 292 43.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 831 44.2
    Not in the labour force 613 32.6
    Employed, worked part-time 226 12.0
    Employed, away from work 121 6.4
    Unemployed, looking for work 89 4.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 144 12.2
    Professionals 226 19.2
    Technicians & trades workers 163 13.8
    Community & personal service workers 194 16.5
    Clerical & administrative workers 175 14.9
    Others 276 23.4
    Occupation
    Census Count Percent(%)
    Pre-school 42 7.7
    Infants/Primary 265 48.5
    Secondary 130 23.8
    Technical or Further Educational Institution 39 7.1
    University or other Tertiary Institutions 49 9.0
    Others 21 3.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2206 84.6
    Semi-detached, row or terrace house, townhouse 112 4.3
    Flat, unit or apartment 159 6.1
    Caravan, cabin, houseboat 75 2.9
    Improvised home, tent, sleepers out 33 1.3
    Others 23 0.9
    Dwelling Structure
    Census Count Percent(%)
    Rented 482 61.7
    Being purchased 173 22.2
    Fully owned 119 15.2
    Other tenure type 7 0.9
    Tenure Type
Census 2011, ABS
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